New Web-based Tool for Energy Efficiency Project Financing

New financing navigator facilitates funding for energy efficient building.

New financing navigator facilitates funding for energy efficient building.

The U.S. Department of Energy (DOE) has introduced a new web-based financing navigator to help private and public sector organizations understand and access financing solutions available for energy efficiency building projects.

Since limited financing options are often cited as a major barrier to investing in energy efficient systems, the “Better Buildings Financing Navigator”  now offers building owners, facility and energy managers, and other decision-makers guidance on how to connect with investors and lenders  so that they can pursue energy-saving projects. By bringing smart financing solutions to the market, building construction and management teams can move forward more rapidly with energy efficiency refits and upgrades.

The DOE’s financing navigator helps users identify relevant financing options which are tailored to their needs and also provides technical research and advice. The site encourages collaboration between public and private sector organizations across the country to share and replicate successful strategies with the goal of making commercial, public, industrial and residential buildings 20 percent more energy efficient over the next decade. This potentially means saving billions of dollars on energy bills, while accelerating America’s investments in energy infrastructure and creating thousands of jobs.